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FOX News
Dec 30, 2012 5:00pm PST
on the wealthiest americans should go up a little bit and as part of an overall deficit reduction package. if folks can't say yes to good offers, then i also have an obligation to the american people to make sure that the entire burden of deficit reduction doesn't fall on seniors who are relying on medicare. >> now, one of the questions in the days ahead will be whether or not this strategy back fired because republican leaders on the hill had their feathers ruffled by the fact that the president seemed to be blaming them. and speaker john boehner saying he should spend more time negotiating, why are you on tv while mitch mcconnell is working with harry reid to troy to get a deal. the president's point was if they do not make any progress on bipartisan talks in the senate since the clock is running out he wants a straight up and down vote on the senate on his fallback level. put it go in the $250,000 a year and extend unemployment benefits for 2 million americans americans americans, dana. >> this is bob beckel. are you done? >> i had a great question, but age before beauty. >> a lot of age and no
NBC
Dec 30, 2012 6:30pm EST
points is should new leff new from tax increases be used to pay down the country's deficit or used to cover the cost of preventing sweeping government spending cuts? no ordinary sunday. arriving at the capitol, congressional leaders' every move and every word under scrutiny, as the country waits, weighing in from the white house, the president, who appeared on "meet the press," pushed republicans to give on taxes. >> i think it's been very hard for speaker boehner and republican leader mcconnell to accept the fact that taxes on the wealthiest americans should go up a little bit as part of an overall deficit reduction package. >> reporter: inside closed door negotiations this weekend, aipds say there have been "constructive move." on key issues like taxes, including compromise on where to set higher rates for wealthier americans and avoiding a jump in inheritance taxes. but this afternoon, republican leader mitch mcconnell complained that democrats had failed to deliver a promised counteroffer. so mcconnell called for help, phoning vice president biden who came to the white house to
FOX Business
Dec 27, 2012 6:00pm EST
. gerri: let's talk about entitlement programs and the impact on them. social security will have a deficit this year of $6 billion yet again. can't keep up with social security. what is the longer-term impact of what is going on on these programs? >> we really do need to have a deal on a big problem, which is the national debt larger than the economy, driven by broken entitlement programs. medicare has a huge deficit, $300 billion every year. 10,000 new beneficiaries every day. medicaid deficit finance right now. those are key parts of a safe bet that we'll b will be fallinr their own financial weight unless they are fixed. what we really have to do on behalf of the next generation. gerri: they want to raise the debt ceiling again, as a matter of fact by monday we will be out of dough. it is unconscionable to me we are in this position again. let's remember what happened last time. the market sold off, the economy went into the tank. will that happen all over again? >> i think it is a serious possibilities out like to make that they don't mix the debt ceiling in with the fiscal cliff. we h
MSNBC
Dec 26, 2012 6:00pm PST
, is that we will get too much deficit reduction too quickly. if reducing the deficit was what the economy needed we could go right off the cliff and leave it there. you can see it in this graph, that line going down. that is the fiscal cliff, we went over our deficit problems, gone baby, totally, totally gone. one thing the fear of the fiscal cliff shows by the way, in the fox hole, everyone's a kinsian. everyone agrees. that is number one. too much austerity way too quickly. president obama is not asking for that much in taxes. it's worth getting a bit of perspective in here. you'll be shocked to know, we got a graph for that. here's what happens if we go over the cliff. you get more than $5 trillion in tax increases off the bat. and now here's what happens if we pass the sainted simpson bowles plan. you've heard of the plan. they have 2.6 trillion in tax increases. president obama's latest offer to john boehner has 1.2 trillion in taxes. that is half as much, less than half than simpson bowles, and less than a quarter of what is in -- simply going over the fiscal cliff. i think the tax
MSNBC
Dec 26, 2012 2:00am PST
and celebration and recent tragic events gave this year's holiday a deficit feeling. >> reporter: in newtown, connecticut, it was a day of lingering heartache. empty stockings hung as reminders of loss filled with gifts and police helps for time with their families. >> glad we can do it. >> a pleasure to help them out. >> police officers giving police officers time off, you couldn't ask for a better christmas gift. >> reporter: in the new york area, still without homes because of hurricane sandy, volunteers tried to deliver holiday spirit, handing out food, toys and blankets at relief centers. >> people came out to help people. you can't put a price on that or buy that either. >> reporter: in places spared direct tragedy americans marked it with their own ways keeping those less fortunate in their thoughts. >> when people are suffering and going through hardship, many, many people come to offer their help in whatever they can do. >> reporter: across the nation, americans attended church services and spent time with family and friends. at the mitchell home outside chicago, even young members
CNBC
Dec 28, 2012 9:00am EST
, we still have this bigger challenge out there of how are we going to fix the deficit and debt problem in this country? we know we have to make hard choices. we know the parties have to work together, and they've got to get to work on this as quickly as possible. >> maya, with the greatest of respect, it seems to me your logic is all over the place. it's very clear the nub of the discussion, the squealing that we have at the moment is whether or not to extend tax cuts. that is, in effect, saying we are going to balloon the deficit further. this is not a conversation about actually fixing the debt, is it? that's not what we're talking about at the moment. we're squealing over, let's keep the deficit big. you seem to be arguing that that's exactly what we should be doing. >> let me explain, because it is more complicated than often things are discussed in washington. the problem with the fiscal cliff is it would put in place deficit reduction, but it would put in deficit reduction too much, too quickly, and with the wrong parts of the budget. so it would let all of the tax cuts expire, i
CNN
Dec 30, 2012 9:00am PST
to do that because they want to get to deficit reduction by spending cuts and that's what the sequester is. that's one of the sticking points. i'm told one of the many sticking points right now, we're going to possibly see republicans and democrats mean meet in their respective corners to try to get a briefing from the leaders about what's going on at 3:00 eastern, but i'm also warned if talks continue, that might be pushed back as well. that's the next timeline we're looking for, 3:00 eastern. >> i think thee matically what we're hearing from republicans where are the spending cuts and we heard the president this morning also reiterate he thinks some of those tax hikes could help mitigate that $110 billion or so being taken out across-the-board cuts. we will see you later ons this afternoon, dana, as you follow every minute of this. thanks a lot. >> thank you. >> president obama says slashing the deficit is a priority but so is more spend oggen certain things. we'll talk with two republican lawmakers about the president's second-term agenda next. to the best vacation spot on earth. (al
CNBC
Dec 26, 2012 6:00am EST
to worry about and doesn't matter if they sell a lot at the low price. this year, it's deficit and have a lot of inventory. they have gone from managing sales to inventory, that's where the profits go out the window. they want to sell out than sell off. >> more people bought gift cards this year than bought product? >> you tell me, what was on your list this year new and exciting. >> nothing. i wanted socks and shirts. >> you have two things happening, more gift card because nobody knows what to get you- >> and i returned them. >> and they bought you a bad gift so they frankly didn't know what to get you so they foot go something and you will drive more product. >> for $100 go on a gift card how much doesn't get spent? >> 80% don't spend the money and those that do spend spend 116%. stores do like it when they get you in. 16% never get redeemed, money sitting in a drawer. >> marshall, thank you. >> the big old -- what is that a windsor? >> a windsor. double windsor. >> why? >> you try to change the look. don't always want to go narrow. is that a brioni tie? >> what is this a foreign han
MSNBC
Dec 26, 2012 6:00am PST
and deficit reduction. that fell apart and talks have largely been stalled this entire time. there was a lost pressure to get something done. we have seen some of the impacts of the fiscal cliff. consumers saying they have been more cautious with their holiday spending because of the uncertainty in washington. economists warn it could get worse and the markets could be foiled if we go over the fiscal cliff. taxes will go up for the average american by about $2,000 and could put us back into a recession. >> which nobody wants to see. kristen welker in hawaii. the president is coming back, but they haven't gotten the 48 hour notice. they are very much out there in play. thank you very much for joining us. appreciate it. when the senate returns tomorrow morning, there will be a new emphasis on members taking a larger role in the fiscal cliff negotiations that based off the current offer may only have a smaller deal. a member of the budget committee and outspoken voice on the left side of the aisle. thanks for joining me. good morning. >> mire pleasure. >> we were saying a lack of urgency in wash
CNBC
Dec 28, 2012 7:00pm EST
for the country is economic growth and reducing unemployment versus 19% for reducing the federal budget deficit. tax reform and to end the washington gridlock is also on the wish list, michelle. >> mine, too. >> thanks, hampton. >>> once again, the big story tonight, no fiscal cliff deal and not even a new offer from the white house. three days to go. president obama asked the senate leaders to try to make a deal. we'll get more on all of it from washington next. so, this board gives me rates for progressive direct and other car insurance companies? yes. but you're progressive, and they're them. yes. but they're here. yes. are you...? there? yes. no. are you them? i'm me. but those rates are for... them. so them are here. yes! you want to run through it again? no, i'm good. you got it? yes. rates for us and them -- now that's progressive. call or click today. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. >>> welcome back to "the kudlow report." i'm michelle caruso-cabrera in for larry ku
FOX News
Dec 27, 2012 6:00pm PST
why haven't they passed a judgment? they aren't serious about our nation's debts and deficits. we are $16 trillion in debt, we are running out of money yet again, trillion dollars deficits every year for the past four years, and get this, we are also borrowing at this moment 46 cents of every dollar they spend in washington. on top of that social security is going bankrupt, as is medicare, and all obama is fighting for is increasing taxes that will only pay for 8 1/2 days of government spending. now president obama has not been a leader on this. he's not been serious. he's been acting weak and, of course, clinging to his radical ideology. enough is enough. maybe it's time to have the republicans call the president's bluff. let him take the country over the fiscal cliff if he so chews. republicans were elected to get the fiscal house in order. maybe it's time to stand up for your kids, your grandchildren. maybe they should dig in their heels and say they are looking out for the future and future generations. maybe now is is a time to take a principle stand and say they are not goin
CNN
Dec 26, 2012 4:00pm PST
deficit in this country is rising health care costs. do we need to tackle those? how do they interact with the changes that are going to be set up across the country. is it going to cost the taxpayer more or less? all those have to be in the realm of realistic facts and figures. >> you're in arizona today. many of your constituents worked over the holidays. do you think congress should have stayed in washington to work together for an agreement? >> absolutely. absolutely. once you know, once the boehner plan b collapsed, all we got was a notification, you can go home, we'll call you when we're ready. >> boehner's got to get off the majority of the majority must agree to something. it's going to take democratic votes to pass a tough fiscal compromise and unless there is inclusion and discussion on both sides of the aisle about this issue, that compromise gets tougher and tougher. >> thank you for coming "outfront." >> appreciate it. thank you. >> now, on the other side of the aisle. congressman, you just heard your arizona colleague say you all should have absolutely stayed in d.c. and
FOX Business
Dec 27, 2012 1:00pm EST
with speaker pelosi, the twin deficit the job and the budget deficit. lori: we don't hear that. we have breaking news. urinalysis is a fascinating. deschutes your analysis is fascinating we want to have you back again. tracy: and 14 major ports that are being threatened to be shut down. we will get the latest. lori: also confidence in the global economy is higher suggesting people are picking up more security. we are back after this. she keeps you guessing. it's part of what you love about her. but your erectile dysfunction - you know, that could be a question of blood flow. cialis tadalafil for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, ashis may cause an unsafe drop in blood pressure. do not drink alcohol
FOX Business
Dec 28, 2012 5:00pm EST
the deficit. a balanced plan that would cut spending in a responsible way but also ask the wealthiest americans to pay a little more. and above all, protect our middle class and everybody who is striving to get into the middle class. i still want to get this done. it is the right thing to do for our families, four or businesses and for our entire economy but the hour for immediate action is here. it is now. we're now at the point where in just four days every american's tax rates are scheduled to go up by law. every american's paycheck will get consider bring smaller. and that would be the wrong thing to do for our economy. it would be bad for middle class families and it would be bad for businesses that spend, depend on family spending. fortunately congress can prevent it from happening if they act right now. i just had a good and constructive discussion here at the white house with senate and house leadership about how to prevent this tax hike on the middle class. and i'm optimistic we may still be able to reach an agreement that can pass both houses in time. senators reid and mccon
MSNBC
Dec 26, 2012 2:00pm PST
congress is on pluto and we're all on earth. they say they want deficit reduction. if you go over the cliff, you get deficit reduction, you just don't get it in the responsible, accountable way. it's like chopping off on arm. >> like says i want a shower, i'm going to niagra falls. >> they still can't get it done. we're dysfunctional. no other explanation. >> i think they can stop the roller coaster and make it go. they're doing a dance now because republicans don't want to do something to rates. obama wants to play hardball. but i think they'll have a different argument later in the year. >> i guess both believe it's better to go over the falls than cut a deal that's going to hurt them at home. tea party people don't respond to boehner or to cantor or mccarthy or any of them. somebody in the next tea party is going to be yelling from the back, you sold us out. i think that's why the tea party is never going to be functional. they don't really respond to getting things done. they respond to anger back home. >> i think 2014 democrats are also aware of these tax increases. they don't want to
FOX Business
Dec 28, 2012 1:00pm EST
and the things we need to get this deficit and debt under control. it's about getting the economy on track and also getting the deficit under control. adam: you are a moderate, highly popular in the state of north dakota, and you have compromised with both sides on these issues, but the vast majority of the public looks at congress, all of you, the house of representatives and the senate looking at you guys with disgust. is that coming across in the halls of the capitol? do the people there understand what the people out here, the 310 million of us consider when we think about the political leadership? >> i think that is absolutely what's pushing the negotiation why we have to stay at it. as i said a minute ago, i'm in the camp where we have to continue to push until we get the job done. i'd like the big deal now. if we don't get the deal, get as much as we can and continue to go after the things we're talking about, the reforms and the savings, that we need. adam: senator, we appreciate you being with us here on fox business. while president obama and the congressional leaders work or app
CNN
Dec 26, 2012 7:00pm PST
. >> they could have had a more popular message about cutting deficit spending, right? >> the truth is they would have been a lot better off taking the deal that boehner was negotiating with president obama way back when. it was a better deal all the way around. they missed that moment. but i think the real thing is who pays the price. the people who are going to pay the price are the americans, the middle class. this is crazy. it's nuts to be putting us through this. >> all of the focus on tax cuts. but the revenue from increasing the taxes on the wealthy will barely make a debt in the deficit to say nothing of the trillions in debt we're talking about. is this just a symbolic fight this the president is determined to win off his election? >> it's not symbolic. there will be money raised if the taxes are left to expire. but let me just bring up a point. no democrat and certainly not this president has said there should be no spending cuts. on the contrary this president has put on the table an extraordinary amount of spending cuts to the chagrin of many democrats i might add. are they to the ext
CNN
Dec 26, 2012 10:00pm PST
deficit spending, right? >> the truth is they would have been better taking the deal that john boehner negotiated with president obama way back when. they missed the moment. i think the real fear is who pays the price. i think the republicans has a point but will pay the price and the real people that will pay the price are the americans, the middle class. it is crazy to put us through this. >> all of the focus on tax cuts but the revenue from increases the taxes on the wealthy will barely make a dment the deficit to say nothing of the trillions of dollars in debt we are talking about. it is a symbolic fight the president is determined to win off of his re-election. >> it is not symbolic. there will be money raised if the tacks for the top 2% are left to expire. let me bring up a point. no democrat and certainly not this president, has said there should be no spending cuts. on the contrary. this president has put on the table quite an extraordinary amount of spending cuts to the sh grin of many democrats, i might add. are they to the extent the grand bargain was several months ago last
FOX News
Dec 28, 2012 10:00pm PST
house released includes this paragraph. seek a bald approach for bringing down the deficit with $3 in cuts for every one dollars in tax reform that contributes to deficit reduction. they said this is consistent with the bipartisan commission approach. yes, he did say that and, yes, we don't have that and, yes, we are approaching this deadline. >> how do you negotiate with someone who said during the campaign over and over three dollars in cuts for are one dollar in revenue and now neither side is going to get everything that they want. but the house republicans have said okay, we'll find $800 billion in revenue but give us the $2.4 trillion in it cuts and he has not been willing to do that. so the last ditch effort the hail hary pass was the house of representatives saying fine let's take nancy pelosi and chuck schumer's bill that they proposed this summer to extend the tax rates on every household and every small business a million dollars and below, allow them to go up on the million dollars and above which is the current law on january 1, let's do that. that ought to be somethin
FOX News
Dec 29, 2012 5:00pm PST
perspective, i think most people know that the deficit was really that came from the budget of the president, $5.3 trillion deficit. people understand that. they know about his war on fossil fuels. here we are in a position of having the most recoverable fossil fuels reserves of any country in the world. we could be totally independent in a matter of weeks, and he won't let us develop our own resources. those are three things what he is doing to the military and all of that, that people are aware of. they are not aware of the cost of the regulations that he has. now, i would just use three of the regulations he was putting off until after the election. one having to do with the boiler mac. it was the regulations on boilers. every manufacturer has a boiler. that would be $63 billion cost in taxes and 800,000 jobs. coal the same way. he actually did away with coal by having an emissions requirement where there is no technology that will reach it. that will be 1.65 million. the reason i mention these, i could be talking about a lot of different regulations. but if you add up these three regulat
FOX News
Dec 30, 2012 3:00pm PST
all heard taxing high income individuals more would only raise 5% of the deficit. another statistics that will break your eyes. if we raised everybody's income tax by 50%, we'd likely only cut the deficit in half. that should explain to everyone why it is imperative we finally do something about rapidly escalating entitlement cost but the president refuses to come to the table. nothing is fixed in my mind more than speaker boehner saying i've offered you 800 billion in additional revenue. what do i get in return? and the president said nothing. you also counted he won the election. i have got news, whether he won the election or not,let stats about the budget are neutral and nonpartisan and mr. boehner's republicans won an election too. he was elected president, not prime minister. he can't dictate to the house the way he would in england. >> as we look forward here, i heard you mention the debt commission and that's come up a couple times, that we've been down this road before with congress kind of bringing us to the brink but they always do a back deal. that has a longer lasting ef
FOX Business
Dec 27, 2012 9:20am EST
trillion dollar deficits, both sides are being decided, and start talking about this. stuart: what is the media doing? >> typically cobbling barack obama. this guy is filing his nails while the republicans twist themselves into knots. the media are giving obama a complete pass on this one and not holding his feet to the fire on anything and keeping the gun fire on the republicans at all times. the media have been just about as silent as anyone else. all the media accept for stuart varney. stuart: flattery is the fondest milk in television. i have a prediction from you. i personally think there will be some kind of awful last-minute deal, tax the rich, don't cut spending, ignore the debt. i think that will happen. what is your prediction? >> i will put my kids and your prediction. republicans will take another step, go back another five to ten yards on the football field and the problem will just get even worse. stuart: do you think -- [talking over each other] >> the tech increase, don't anybody forget this, according to three different studies, is going to cost the american econom
CNBC
Dec 26, 2012 1:00pm EST
would say copper. i think it has a tremendous potential. we have a production deficit. i think future demand underestimated at this point. particularly in the second half of the year, could be a big winner. >> that would suggest a global growth play. >> it would improve growth, not necessarily explosive growth, but it would express china, for example, the rest of asia. >> favorite commodity in the agricultures? >> i would say corn. there's a battle for the acreage going on between corn, soy beans, cotton. they are all grown in the same area. the demand for corn from both an ethanol standpoint and also from a food calorie standpoint is going to be huge. potential sleeper, copper, because it's the least favored on a price basis so they're not going to be planning much. we could -- >> copper? >> cotton. >> i thought you said copper. >> i might have. >> planting copper, you've got me there, baby. >> they could be a substantial decline in cotton acreage. >> simon? >> can we just take you back to copper. we had a mention of this earlier in the show. the fact that you have these two physical
CNBC
Dec 27, 2012 12:00pm EST
gains. the home market is seeing a strong recovery. >> you have two deficit confederacy conversations where it has turned around and the second, if you believe it has, the stocks over the past year. for the first question, are we on the up and up? we had robert shiller of case-shiller a week ago, who said he wasn't sold we bottomed. is he wrong? >> yes. i believe he's wrong. there's little doubt at this point home prices bottomed in late 2011 andtron recovery in 2012 and expect more gains in 2013 as more homes come on the marketplace being pulled out of negative equity but we expect home valuation in 2013. we don't foresee further price decline is in the market right now. >> how much demand is being pulled back or healld back by sh a low rate private sector borrower cost environment. we have investors sitting on the sideline believing rates and mortgages wilton rise lower and lower and not until they actually rise will they step out and make that purchase. >> you're right, definitely once mortgage rates begin to move up, you will see that impulse of people getting into the marketplace
CNBC
Dec 28, 2012 4:00pm EST
during graham/rudman and i remember when they couldn't get deficit conversations right, treasuries went down and stocks went down. oh, would i love to get back to that type of reality. >> yeah. but you had a different guy at the federal reserve at the time. >> yeah, a different guy, you know, in hindsight he was maybe the monetizer in charge -- in chief, and we get a little historical perspective on that, but as many things that i disagree with alan greenspan on, i thought he was at least more forthright into what he was doing, and even going after the government per se a bit when there were tax issues, all av d avoided by the current chairman ben bernanke, and even though he avoids the conversation, he doesn't avoid giving congress the biggest fire hose in the world filled with free water. >> i love those kind of fire hoses on every corner, please. >> what's that, david? >> bernanke is the most aggressive fed governor we will ever know in the last 40 or 50 years with the monetary stimulation that began in november 2008. >> well her, needed to be? >> and that's likely to still be the o
CNN
Dec 26, 2012 5:00pm PST
in the deficit. is this president has put on the table quite an extraordinary amount of spending cuts to the shagrin of democrats i might add let's remember that this president has never walked away from the bargaining table. republicans will get the blame but does that mean that we shouldn't try? >> no. americans are the ones that are going to be hurt if the middle class families. there is a bill where the house could pass it to protect the majority of america's middle class families. which is a worse fate or voting to increase taxes on wealthy americans. they can come back and cut taxes in the new year and look good. >> it is not what looks worse. it is what is worse for the american people? >> doesn't that seem to be what they are worried about? >> to your point about tax increases, what we are looking at now, it is like a mortal wound gushing out of our chest. they come along and put a ban dade on our forehead. we need to not just raise taxes. if we give the president every tax increase that he wants. we need to address the spending. >> and the president has addressed that. no one
ABC
Dec 29, 2012 5:30pm PST
doing nothing to curb spending or address the long-term deficit crisis. if they fail to pass a mini-deal, virtually everybody's income taxes will go up. and even if the income tax cuts are extended virtually all workers are due to see less in their paychecks, starting in january, when the temporary 2% payroll tax cut is set to expire. and don't assume there will be a mini-deal, a democratic source close to the meetings going on tonight, says, quote, the prospects are not too promising they'll get to a bipartisan agreement to prevent everyone's taxes from going up. david? >> our chief white house correspondent jon karl. of course, this waiting game is already affecting americans' 401(k)s. the stock market, five straight day of losses. let's bring in bianna golodryga. bianna, great to see you. if these lawmakers thought that waiting to the 11th hour wouldn't have an effect, look no further than the stock market. >> take a look at what happened just the few days. the dow lost 158 points. for the week, down 252 points. david, these aren't just money we're talking about, it's real money.
ABC
Dec 29, 2012 6:00pm EST
or address the long-term deficit crisis. if they fail to pass a mini-deal, almost everyone's income taxes will go up. even if the income taxes are extended virtually all workers are due to see less in their paycheck as the temporary tax increase is set to inspire. the prospects are quote not too promising they'll get to a bipartisan agreement to prevent everyone's taxes from going up. david? >> our chief white house correspondent jon karl. this waiting game is already affecting americans' 401 cans. the stock market, five straight losses. let's bring in bianna golodryga. >> take a look at what happened just the few days. the dow lost 158 points. for the week, down 252 points. david, it's real money. lost 3,000, $4,000. december is traditionally a good month for the markets. >> and for home sales. here's what the president had to say about that. >> america wonder why it is, in this town for some reason, you can't get stuff done in an organized timetable. why everything has to wait until the last minute. we're now at the last minute. the economy is growing. the housing market is recovering.
CNBC
Dec 27, 2012 9:00am EST
kind of deficit the losers are facial as we go into the new year. "squawk on the street" is back in a minute. [ male announcer ] feeling like a shadow of your former self? c'mon, michael! get in the game! [ male announcer ] don't have the hops for hoops with your buddies? lost your appetite for romance? and your mood is on its way down. you might not just be getting older. you might have a treatable condition called low testosterone or low t. millions of men, forty-five or older, may have low t. so talk to your doctor about low t. hey, michael! [ male announcer ] and step out of the shadows. hi! how are you? [ male announcer ] learn more at isitlowt.com. [ laug hey! [ male announcer ] it's that time of year again. time for citi price rewind. because your daughter really wants that pink castle thing. and you really don't want to pay more than you have to. only citi price rewind automatically searches for the lowest price. and if it finds one, you get refunded the difference. just use your citi card and register your purchase online. have a super sparkly day! ok. [ male announcer ]
FOX Business
Dec 26, 2012 1:00pm EST
it because it's required for congress to authorize borrowing money to pay our debt and deficit obligations. it's, the way i look at it, it is a mere constitutional technicality and we should raise it. i would like to make one point about on the downgrade issue that he just talked about. if we go over the fiscal cliff, that would certainly be no reason for a downgrade because we would be cutting the deficit and the debt. lori: right. >> but if we kick the can down the road here and don't do anything with a short-term solution, then i think it would be reasonable for the debt, excuse me for --. lori: another downgrade. >> for us to be downgraded, excuse me. lori: let me send it back over to you. there is a line of thinking if we do suffer a second credit downgrade that it could actually have more of ramification than just one downgrade because you do have a handful of credit agencies, right? if you're creditor of the united states and looking at the credit rating and now you have not just one but two, so you have a majority of more negative credit ratings versus pristine credit rating across
MSNBC
Dec 26, 2012 5:00pm PST
the deficit worse in a relatively small way. supermarkets are not going to be able to sell milk at $8 a gallon. the government will buy it at that price or a much higher price than it's paying now, under the 1949 law when cows were milked by hand instead of machines. it will have to sell that milk at a loss. >> yeah, and selling at a loss is going to do tremendous damage to that industry. what would the real world impact of a price hike like this be. >> if milk went up that much, you would see a huge change in the dietary habits of americans, including children. they would be drinking water and soda. remember we have all these sugary drinks that people are letting their children have. and you would see this big shift away from milk toward those kinds of drinks. the real underlying story here, i think the important one is about how we are seeing the way the republicans are likely to behave for the next two years, i think this is going to turn out to be an extraordinarily difficult and weird and unusual period in american history. >> david k. johnston, thank you for milking the story to its full
CNBC
Dec 27, 2012 6:00am EST
will turn to a deficit on 2013 in the increasing demand in the auto industry where palladium is used in systems for cars. combined with the global system supply. a rally that began in earnest at the end of 2012 will go into overdrive in the new year. . >> joining us now is dan dickert. you just said palladium. that's a big pick for you? >> i was surprised that sharon spoke about palladium. it was my sleeper bet for 2013. >> what's going on with palladium? >> it's a real industrial metal. it's in short supply. it's undertraded, underowned and one of those industrial metals. it's one of those sleeper metal plays that you can make. used in vehicles? >> in the cat converters. that's the main use for them. there's a real shortage that's been going on in palladium. >> look into the crystal ball. give us an oil price if you came back here a year from today. >> this is the toughest one ever. this is the third year i've conpredictions for you twice. it's not so bad. >> you said it would fluctuate? >> there was one guy who said it would rachet between $130 and $160. i said you have to do bette
CNBC
Dec 27, 2012 7:00pm EST
for the poor increases military spending? so it adds to the deficit and only is willing to raise taxes on millionaires and above and that is getting through the senate. so what you're saying the reverse is true when you look at the house. boehner can pass the senate bill tomorrow as harry reid said today, but he doesn't want to do it with democrats and he wants a majority of the majority. is there anything wrong? wouldn't you like a bipartisan coming together here and everybody's in this? >> it would not be at all, and any of the plans at all, joy. and they campaign on three to one spending on we haven't seen anything like that come out of the senate. and they will not do anything to come out of the senate. >> john boehner can't get his own caulk us to take a vote on his idea to only raise the tax rates. he can't even get his own caucus to do that and he's been humiliated over and over by his own caulk us and he can solve it tomorrow. >> joy ann, harry reid hasn't passed a budget in years. >> he's passed a solution to this crisis. we're talking about the fiscal cliff. >> it hasn't got
CNBC
Dec 28, 2012 12:00pm EST
there while you wait. if you don't get a deal obviously you have a massive decline in the deficit for doing nothing. i do think it works right now but i don't see a lot of upside. it is a place to hide. >> good stuff as always. see you on the other side of the new year. wish you the best. >> thank you. >> mike santelli yahoo finance. let me pose the question as i did before in this segment this way. how much is a deal worth to the stock market? >> i think a deal is worth probably 500 points in the stock market if for no other reason than the fact if you're talking about certainty right now we're under this cloud. we have no certainty whatsoever. so for that reason i think stocks like apple, for instance, one of those we've been talking about for a month. why are they selling off apple? fundamentally as the story changed? absolutely not. a hundred and some odd dollars lower than it was. >> i think a deal gets us to 4% to 5% we've given back, gets the s&p back up to its high of 1475. >> i think it's also what it checks on the down side. we're a consumer driven economy. you can see the consume
FOX News
Dec 28, 2012 1:00pm PST
the road. you know as well as i do this does nothing to deal with the $1 trillion plus deficits we have yearly. this is the fifth year in a row, we're going to have $20 trillion worth of debt on top of $48 trillion worth a long-term liabilities by the time mr. obama leaves office. this is the time to deal with this issue. we've been kicking it down the road ten years. we promised the nation in 2011 under the budget deal with the sequesters we would not let this get away from us. we shouldn't this time. for mr. obama to suggest i've cut a trillion in spending because he saved money on the wars in afghanistan is gimmicks. they a work. >> i have to be honest, it's both sides. it strikes me these lawmakers on either side don't have a real fix to what we're looking at, the national debt, screaming out of control. we're going to exceed that limit on monday night. >> i wouldn't disagree but look at the facts. we did have a republican controlled congress that passed a bill. if reid didn't like the bill, let it go for debate. let his senate vote it down and say no, we're not going to accept thes
FOX News
Dec 30, 2012 3:00am PST
and only talking about taxes which will do nothing to decrease the deficit. >> juliet: thank you for joining us and waking up at the bright and early hour of 6:10 a.m. >> clayton: thanks, curtis. let's check with maria molina, another snowstorm in ohio and east and some places in southern new england got up to a foot of snow. >> dave: and drivers be warned, five people hurt in new hampshire after a 20-car pileup and some airports saw slays and a plane taken off in sheing slid off the runway, and stuck in a snow bank, 6 6 on board. no one was hurt. >> juliet: for more on the conditions as mr. clayton morris said, maria molina. i was saddened not to see a white new years, pre-new years. >> we didn't see it accumulate in new york, in manhattan. outside, hoboken saw snow on the cars, but not on the ground or the streets, but place ins connecticut and massachusetts actually saw close to a foot of snow. i even sawmill ford, massachusetts over a foot of snow and some people did get lucky and needed snow across portions of we haven't is that much snow so far this winter. it's early in t
FOX Business
Dec 26, 2012 11:00am EST
of the new tax regime that comes out of it and it will help the deficit. i am speaking anathema but that is certainty. shibani: 70 -- dennis: something wins and the economy could make stocks right at some point. thank you very much, jim laventhol. here's one retail segment that did great. gun, rifle and ammunition sales are skyrocketing following the backlash against guns at the connecticut elementary school. the world's largest supplier of firearms says it sold 3.5 years worth of ammunition clips for automatic weapons in just three days and a gun shop owner north carolina says gun sales for christmas or four times better than last year. many customers blame talk of stricter gun control for driving the rush. unintended consequences. let's look at gun stocks. the images that so smith and wesson, they are down. the middle of their sales are probably up. shibani: one of the most profitable industries out. 20% profit margins for gun sales. dennis: computer hardwaremakers 5%. shibani: on a business base is a lot of people trying to cash in because they're worried about stricter gun c
CNN
Dec 27, 2012 1:00pm PST
't that much, especially when you consider the federal deficit is $16 trillion and climbing. to retire the debt, every single american would have to pay $50,000. but garcia says, you got to start somewhere. especially when washington won't. the partisan bickering has bothered him since -- >> 1992. >> reporter: that's when garcia first wrote his congressman, suggesting a formula to eliminate the death. the depression era kid and army veteran says he's giving back to a country that's given him so much. a sense that's infectious. his daughter is now collecting cabs at work. his grandson drives garcia to friends' houses, just to collect more cans. garcia knows that his monthly money orders won't avert the fiscal cliff, but his priest says that's not the message garcia's sending to congress. >> in order to really solve the $16 trillion national debt, you have to sacrifice. >> reporter: politicians talk about kicking the can down the road. one american has decided that road has to end, and it might as well be here. so if you want to be, like his granddaughter says, be like grandpa, you can google the
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